using time value of money tables, caiculate the following Use (Exhibit -A. Exhil

Question

using time value of money tables, caiculate the following Use (Exhibit -A. Exhilbit 1-8. Exhibit HC. Exhibit 1- 18 a) The future value of $450 sik years from now at 6 percent. Round time value factor to 3 declmal places and final answer to 2 declmal places) (a) The future value of $500 seved each year for 10 years at 8 percent (Round time value fector to 3 decimal places and final answer to 2 decimal places The meurt a person voed have to deposit today uresent wavel at an interest rate 016 pecent t have St200 ne year em now (Round time value factor to 3 decimal places and final answer to 2 decimal places) caps lock controloption command commandopon

Explanation / Answer

a. future value = 450 * 1.06^6 = 638.33

b. PV = 0, PMT =500, N = 10, rate = 8%

use FV function in Excel

Future value = 7,243.28

c. Present value = 1200/1.06^5 = 896.71

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